| 1. |
The highest bidder of each lot shall be the buyer thereof. In the event of any dispute, the auctioneer shall have absolute discretion to determine the dispute or may re-sell the disputed lot. |
| 2. |
The auctioneer shall have absolute discretion to divide any lot, to combine any lots, or to withdraw lots from the sale without giving any reason. The bidding shall be regulated at the absolute discretion of the auctioneer who shall have the right to refuse any bid/s. |
| 3. |
The estimate figures below each lot are the auctioneer's estimation of an expected price only. These estimates are not representative of a reserve price and are published only as a guide to buyers. Bidders may bid at or within the estimate, or above the estimate, however, bids which are less than the low estimate will not be considered by the auctioneer. |
| 4. |
All lots are put up for sale subject to any reserve price that may be imposed by the seller. |
| 5. |
Only a registered member is allowed to bid in the auction. Each auction requires a new registration. Registration process may require your Client Id and or you may be required to fill a registration form with your address, telephone number, and signature, after which you will be allotted a numbered paddle to bid. First time bidders may be asked to provide references and or a refundable money deposit and or show a government-issued picture ID before the start of the auction, subject to the auctioneer's sole discretion. |
| 6. |
Bidding commissions for anyone unable to attend the auction in person may be carried out by the auctioneer without charge, in strict confidence, but "BUY" commissions will only be accepted, solely at the absolute discretion of the auctioneer. |
| 7. |
In addition, Bidders may be asked to notify the auctioneer of his name and address and if required:
(a) Provide bank or other credit references before the start of the auction; and or
(b) Provide a cash deposit before the start of the auction and or
(c) Pay the full purchase price, or a fractional deposit as soon as the auction is over, as may be determined at the absolute and sole discretion of the auctioneer. |
| 8. |
Lots are sold as shown with all faults, imperfections and or errors of description. Neither the auctioneer nor the seller is liable for any fault or error of description. All statements as to the items sold, at any point, are statements of opinion only. The auctioneer reserves the right in forming his opinion, to consult and rely upon any expert or authority considered by him reliable. Notwithstanding the aforementioned, should any lot been wrongly described in any material aspect, the buyer may reject the same, provided that he give written notice to do so and return the same to the auctioneer within seven (7) days from the day of the sale. Under no circumstances will the auctioneer be liable for any costs, expenses or damages incurred by the buyer in respect of any lot, including, but not limited to, loss of any kind of profit whatsoever. Bidders are advised to scrutinize the lots they bid for. |
| 9. |
The auctioneer acts solely as an agent and shall not be responsible for any default by either the buyer or the seller or for any action or claim which may arise in respect of any lot. |
| 10. |
Buyers must satisfy themselves as to the accuracy of their purchases at the time of delivery. The auctioneer cannot be held responsible for any discrepancy which might be discovered after the lots have been removed from either the action room or the auctioneer's premises. |
| 11. |
The auctioneer is not responsible for the safe custody of any lots left beyond seven (7) working days after the date of sale, and reserves the right to charge storage and re-sell by auction or privately, and without notice to the buyer, any lots not removed from his premises within fourteen (14) days from the date of sale. Buyers shall not be entitled to remove lots from the auction room during the course of the auction. |
| 12. |
Each lot shall be at the buyer's risk from the fall of the hammer. |
| 13. |
Any part of the purchase price left outstanding after the action pursuant to Condition 6, shall be paid in full within seven (7) days of the date of auction. Without prejudice to any rights, the auctioneer reserves the right to charge interest on any overdue payment at the rate of 2½ % per month. |
| 14. |
Delivery is against payment in full. Delivery of the items may be made on the following day after receiving full payment. |
| 15. |
Credit Card payments are subject to 3% surcharge. Mastercard, Visa and American Express. |
| 16. |
A "Buyer's Premium" of 11.03% is charged (including Service Tax) on the hammer price plus 1% VAT on gold, silver and other precious metal objects, and 4% on items of other metals. |
| 17. |
By making a bid the buyer acknowledges his acceptance of these Conditions and shall be bound by them. |
| 18. |
These Conditions shall take effect and be construed in accordance with Indian law. |
| 19. |
Auction is conducted in Indian Rupees. |
| 20. |
Subject to Mumbai Jurisdiction. |
